Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama - 2023

Contents:

  1. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama (CIF) - 2022
  2. Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama (FOB) - 2022
  3. Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama
  4. Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama (CIF) - 2022

The average import price for seeds, fruit and spores; of a kind used for sowing stood at $17,077 per ton in 2022, shrinking by -20.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 57% against the previous year. Over the period under review, average import prices attained the peak figure at $21,598 per ton in 2021, and then fell remarkably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($11,385 per ton), while the price for Brazil stood at $9,760 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.2%).

Price for Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama (FOB) - 2022

The average export price for seeds, fruit and spores; of a kind used for sowing stood at $340,833 per ton in 2022, falling by -11.6% against the previous year. Overall, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of 617%. The export price peaked at $557,420 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Costa Rica.

From 2012 to 2022, the rate of growth in terms of prices for Costa Rica amounted to +21.2% per year.

Imports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama

In 2022, imports of seeds, fruit and spores; of a kind used for sowing into Panama soared to 452 tons, jumping by 32% compared with the year before. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 110%. As a result, imports reached the peak of 467 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of seeds, fruit and spores; of a kind used for sowing totaled $7.7M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +25.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.0% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 83%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil1.73.93.04.235.2%
United States0.60.61.10.5-5.9%
MexicoN/A0.1N/A0.241.4%
Others1.62.63.32.921.9%
Total3.97.27.47.725.5%

Top Suppliers of Seeds, Fruit and Spores; of A Kind Used for Sowing to Panama in 2022:

  1. Brazil (427.3 tons)
  2. Mexico (14.8 tons)
  3. United States (2.9 tons)

Exports of Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama

In 2022, exports of seeds, fruit and spores; of a kind used for sowing from Panama totaled 12 kg, almost unchanged from the year before. Over the period under review, exports recorded a precipitous curtailment. The smallest decline of -33.3% was in 2021.

In value terms, exports of seeds, fruit and spores; of a kind used for sowing shrank to $4.1K in 2022. In general, exports faced a sharp curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 30%.

Export of Seeds, Fruit and Spores; of A Kind Used for Sowing in Panama (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Costa Rica1532.14.34.1-70.1%
Senegal42.9N/AN/AN/A0%
OthersN/A1.40.4N/A-71.4%
Total1953.64.64.1-72.4%

Top Export Markets for Seeds, Fruit and Spores; of A Kind Used for Sowing from Panama in 2022:

  1. Costa Rica (12.0 kg)

Source: IndexBox Market Intelligence Platform

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